Nanolab Technologies Accelerates Expansion by Acquiring Microtech Laboratories, LLC

MILPITAS, CA--(Marketwired - Jul 2, 2014) - Nanolab Technologies, Inc. has acquired Microtech Laboratories, LLC a well-established Dallas, Texas, failure analysis laboratory founded in 1999. Microtech Laboratories provides state-of-the-art electrical and physical failure analysis to the semiconductor industry as well as extensive reverse engineering work to the legal industry.

The acquisition continues the rapid growth path set by Nanolab Technologies, Inc., which opened its new, purpose built, state-of-the-art analytical services laboratory in Silicon Valley in 2011, a second lab operation at the Center for Nanoscale Science and Engineering (CNSE) in Albany, NY in 2011 and acquired Silicon Valley based FIB Lab, Inc. in 2013.

Since its inception Nanolab continues to invest heavily in new instrumentation for its existing advanced electron microscopy and materials analysis businesses. The company recently identified device failure analysis (FA) as an underserved market and as part of its overall growth strategy has expanded its capabilities through the acquisition of new, advanced instruments.

The company also sees opportunities for further consolidation in the space that will be driven by the cost of new instruments necessary to stay relevant in support of its customers' transition to current and future technology nodes.

Microtech will continue its operations in Plano, Texas where it provides services to a broad array of analog, digital mixed-signal, MEMS and RF customers. Nanolab Technologies, Inc. will acquire all equipment assets of the company and also hire all of its employees.

"This acquisition is the next step in our company's plan to accelerate growth in key market sectors, leveraging the investments that we have made since 2007 in leading-edge analytical instruments and laboratory facilities," stated John P. Traub, Nanolab Technologies, Inc., President and CEO. "Strategic acquisitions will complement our current expansion plans for our Silicon Valley and Albany, NY, lab operations."

Microtech Laboratories President, John Olson, commented, "I am excited to add Nanolab's failure analysis and advanced material analysis services to our capabilities. The combined operations of both companies broaden our portfolio of leading edge electrical and physical analysis services. This also broadens our geographic reach and customer support with complimentary facilities in California, Texas and New York."

Albany NanoTech expansion
Nanolab Technologies completed the first phase of a multi-year expansion at CNSE NanoTech complex in 2011. Future investments by Nanolab at CNSE are planned, including the creation of a new Center of Excellence for Surface Analysis to complement the company's established microscopy and materials analysis businesses. The Centers of Excellence has gained momentum with the completion in 2013 of the FIB Circuit Edit center in Milpitas, California.

About Nanolab Technologies
Nanolab Technologies provides knowledge-based analytical services for advanced microscopy, chemical analysis, electrical failure analysis, materials analysis, FIB circuit edit, and defect analysis to the semiconductor, solar, MEMS, LED, medical device and other high technologies industries. A private, employee-owned company, Nanolab Technologies designed and occupies a 48,000 square foot, advanced laboratory in Silicon Valley to maximize the performance of leading-edge Extreme High Spatial Resolution instruments to meet the requirements of current and future technology nodes. A second facility is located at the College of Nanoscale Science and Engineering (CNSE) at the University of Albany. www.nanolab1.com

About Microtech Laboratories, LLC
Microtech Laboratories, LLC was founded in 1999 by Dallas engineers to provide failure analysis services to the local semiconductor industry. It now services analog, digital, mixed signal, MEMS and RF semiconductor customers, and also provides failure analysis services to the PCB fabrication and SMT industry. With a nationwide customer base it also provides reverse engineering services to the patent law industry. www.micro-labs.com